Arab Finance: Egypt-based venture capital company Sawari Ventures is planning to launch a new fund to invest around $150 million in Egyptian start-ups, the firm’s CEO and Co-Founder Hany Al-Sonbaty told Al Arabiya Business.

The company is targeting investing in a number of sectors, topped by fintech, educational technology, and healthcare technology, Al-Sonbaty revealed.

Furthermore, it targets investing in green technology and deep technology projects, Al-Sonbaty added, expecting significant growth in these sectors.

He also expects that the targeted start-ups will lure investments ranging between $350 and $500 million over the coming five years.

The company aims to turn Egypt into an investment hub in Africa and the region, as it invested in around 500 start-ups in the Arab world since its inception, Al-Sonbaty noted.

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